China moves to strengthen innovation in smart driving

China plans to support firms in the smart vehicle supply chain to form innovation consortia in order to foster technological breakthroughs and spread innovation in the field of assisted and autonomous driving. The country aims to establish standards for intelligent connected vehicles by 2025 and become a leading global player in the industry.

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Sam Bankman-Fried explored paying Donald Trump not to run for president, book excerpt says

Former billionaire Sam Bankman-Fried, who is currently in jail, considered paying Donald Trump not to run for re-election in 2020, according to a forthcoming book by Michael Lewis. Bankman-Fried was also planning to give millions to Republican Senator Mitch McConnell to defeat "Trumpier" candidates in the Senate races.

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Japanese startup develops 'Gundam'-like robot with $3 million price tag

Tokyo-based start-up Tsubame Industries has developed a 4.5-meter-tall robot called ARCHAX, which resembles the popular Japanese animation series "Mobile Suit Gundam." Priced at $3 million, the robot has cockpit monitors that allow the pilot to control its movements using joysticks.

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Piyush Goyal, Rajeev Chandrasekhar to grace ET Startup Awards ceremony; Dunzo cofounder to exit

The awards ceremony of the Economic Times Startup Awards 2023, scheduled to be held in Bengaluru on October 7, will see Union minister of commerce and industry Piyush Goyal and minister of state for information technology Rajeev Chandrasekhar attending as guests of honour. This and more in today’s ETtech Morning Dispatch.

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Neobanking company Fi’s revival hinges on its credit offerings

Internally, the Fi is experimenting with a new user onboarding flow called Fi Lite, where customers are not mandated to open a digital banking account anymore, rather can directly opt for credit products. Fi is also planning to rejig its one-time joining fee of Rs 2,000 for credit card customers to expand its card base.

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Meta technology chief defends tech titan's AI strategy

Meta unveiled AI-infused chatbots with personalities at the gathering, along with tools for creating images or written content using spoken prompts. The company that owns Facebook and Instagram has been seen as lagging rivals like Microsoft and Google, which have pushed out generative AI products and invested heavily in the technology seen as a force poised to shape the future.

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India's private space sector skyrockets

There are now 190 Indian space startups, twice as many as a year earlier, with private investments jumping by 77% between 2021 and 2022, according to Deloitte consultancy.

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